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align. >>> one group of americans not taking looming fiscal cliff deadlines sitting down. seniors. they're turning out in droves right here in washington with a very strong warning for congress. lisa si lisa sylveter has details. >> reporter: the aarp is a powerful group in washington. they've spent about $7.5 billion on lobbying. a large number of senior volunteers. right now, their aim is to keep social security and medicare in tact. >> gene has offer traveled from washington to her colorado home. this time, the 70-year-old retiree is here as a volunteer with the aarp. they're blanketing capitol hill with a single message for lawmakers. hands off. >> we're very concerned. we don't want medicare, medicaid and social security to be used as part of a deficit-reducing bill in such a short period of time. >> the clock is winding down toward the fiscal cliff. once considered an untouchable third rail, changes for social security and other so called entitlementeds are now being seriously discussed. >> we really have not begun to talk about real entitlement reforms. the only way to have
align. >>> one group of americans not taking looming fiscal cliff deadlines sitting down. seniors. they're turning out in droves right here in washington with a very strong warning for congress. lisa si lisa sylveter has details. >> reporter: the aarp is a powerful group in washington. they've spent about $7.5 billion on lobbying. a large number of senior volunteers. right now, their aim is to keep social security and medicare in tact. >> gene has offer traveled from...
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Dec 7, 2012
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towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework that includes raising the medicare eligibility age from 65 to 67 squeezing out savings from social security by changing the way inflation is calculated, and possible means testing that could disqualify wealthier, older americans from the medicare program. lawmakers insist any changes will be done gradually and will not impact current retirees, but that's not soothing the fears of seniors who say inflation adjustments will have an immediate impact. >> to tell somebody living on social security, and we have something in the order of one
towards the fiscal cliff. once considered untouchable third rail, changes to social security and other so-called entitlements are now being seriously discussed. >> we really have not gun to talk about real entitlement reforms. the only way you have true avoidance where you have solution is to mix an appropriate amount of revenues with true entitlement reform. and until the debate moves to that point, there's no serious debate taking place. >> house republicans offered a framework...
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Dec 29, 2012
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he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american that is decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> you have to love that story. and a lot of us lived this one, the wild ride to election day, 2012. cnn national political correspondent jim acosta has more on the story. >> reporter: the year started off with a surprise in a sweater vest. counting down the top campaign stories of the year at number ten, the primaries. rick santorum's stunning performance in the iowa caucuses. >> game on. >> reporter: kicked off a battle for the republican nomination that few in washington had expected. the gop's odds on favorite, mitt romney, stumbled in some of the early contests. >> i like being able to fire people that provide services to me. >> reporter: he refused to releas
he knows his money wouldn't avert the fiscal cliff. but that is not the message garcia is sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american that is decided that road has to end. and it might as well be here. kyung lah, cnn, san antonio, texas. >>> you have to love that story. and a lot of us lived this one, the wild ride to election day,...
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Dec 1, 2012
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i'm disappointed in where we are, but going over the fiscal cliff is serious business. i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: you hear a strikingly similar message from other top democratic leaders saying the ball is in the republican's court. >> we are waiting for some specifics somewhere from our republican colleagues to show that they're serious on negotiations. >> reporter: as the country fast approaches the fiscal cliff, the two sides are talking past each other. democrats say they've laid down their marker, hiking tax rates on wealthier americans. and it's up to republicans to propose specific spending cuts they want to entitlement programs. however, republicans say they've offered a concession, putting revenue on the table. and they say it's now up to the president and his fellow democrats to feel some pain and proposed cuts in
i'm disappointed in where we are, but going over the fiscal cliff is serious business. i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> house democratic leader nancy pelosi quickly dismissed boehner's remarks as a negotiating maneuver. >> i think they'll come around. it's a tactic. it's a tactic. >> reporter: you hear a strikingly similar message from other top democratic leaders saying the ball is in the republican's...
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. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you tackle the next quarter. you eat yet? polynesian? pu pu platter? yup! keep up the good work. i will keep up the good work. do more with the new samsung galaxy note ii. [ dog barking ] ♪ [ female announcer ] life is full of little tests, but your basic paper towel can handle them. especially if that towel is bounty basic. the towel that's durable, and scrubbable. in this lab demo, bounty basic is stronger than the leading bargain brand. everyday life? bring it with bounty basic. the strong but affordable picker-upper... now costs even less. >>> we're following th
. >> congress had well over a year to tackle this fiscal cliff. instead, we've come down now to the final eight hours before our nation takes a severe hit potentially to the economy. tyeah, its the galaxy note ii.re great. you can do two things at the same time. you can watch videos and text. or you could watch the earnings report and take notes, like we're supposed to. so... can i get it? yeah. okay either of you put together the earnings report yet? yes, me totally. what? why don't you...
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almost 2% as fear about the fiscal cliff continues. selling gained steam when no progress was reported in the meetings between president obama and congressional leaders. the dow was down 150 point today. the nasdaq and s&p down 15. candy? >> not a way to end a year or start a new one, is it? >> i know. but it's not entirely unexpected considering we get closer and closer to the fiscal cliff. investors get spooked. >> and it's the stock market. what goes up goes back down. thanks, lisa. >>> visit the kennedy space center and will you see something very impressive but still under wraps. the space shuttle "atlantis" flew many missions ins day and now it's the site of a new exhibit that will be unveiled next summer. cnn's john zarrella is there. hey, john. >> reporter: candy, we are here and we have the hard hat on because we are in a working area construction site. this is the massive building that will house and actually already does house the space shuttle "atlantis" which came over here in early november. for the viewers out there, if
almost 2% as fear about the fiscal cliff continues. selling gained steam when no progress was reported in the meetings between president obama and congressional leaders. the dow was down 150 point today. the nasdaq and s&p down 15. candy? >> not a way to end a year or start a new one, is it? >> i know. but it's not entirely unexpected considering we get closer and closer to the fiscal cliff. investors get spooked. >> and it's the stock market. what goes up goes back down....
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talking medicare and medicaid, at some point it will come down to either fiscal cliff or we're going to have to make a deal, are you willing to go over the fiscal cliff or not have changes to medicare and medicaid? >> every single poll i have seen says do not cut social security or medicare and do away with corporate loopholes and ask the wealthy to start paying their fair share of taxes and look at excessive military spending. and, by the way, let's not forget, we have already in the last three years cut approximately $1.5 trillion in programs. this is not a hard, this is not a fiscal debate. this is a political debate, ceos from wall street, big money interest are there to protect their interests. they could care less about working class people and some of us want to defend the middle class. >> if nothing is done by congress, by now and the end of december, everyone's taxes are going to go up. >> that's why we've got to do something and that's why the republicans have to do exactly what we did in the senate which is to say we have to protect the bottom 98% of the american people. n
talking medicare and medicaid, at some point it will come down to either fiscal cliff or we're going to have to make a deal, are you willing to go over the fiscal cliff or not have changes to medicare and medicaid? >> every single poll i have seen says do not cut social security or medicare and do away with corporate loopholes and ask the wealthy to start paying their fair share of taxes and look at excessive military spending. and, by the way, let's not forget, we have already in the...
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Nov 30, 2012
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. >> in the terms of averting the fiscal cliff, almost every major negotiation and battle as come down to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my views, and learn, and so there are more people involved. >> now this is really coming down to, as is no surprise, the issue of tax rates, will republicans agree to raising tax rates on the wealthy as president obama made clear. are you willing to go over the fiscal cliff if republicans do not agree that that? >> i think if there is no agreement whatsoever, the president has probably no choice but to say, okay, we're going to go over the cliff. that would no be my first preference. my first preference is that as we get closer to the cliff, that we find an agreement that makes some sense, so we don't have to go ov
. >> in the terms of averting the fiscal cliff, almost every major negotiation and battle as come down to president obama and house speaker john boehner. do you think it helps or hurts that key lawmakers like yourself seem to be left out of this deal making? >> well, i'm in constant consultation with secretary geithner, with the white house, and meeting with congress, and the chairman of the house, meet with reed very off. there's a lot of conversations going on where i gave my...
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we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant negative consequences domestically and around the world. not the least of which will be the level -- fracturing of confidence in the united states of america. >> seismic and significant. very powerful words. how could this play out for americans if we don't have a deal? what will that feel like to them, howard? >> i think there will be tremendous personal pressure on people who are going to see their daily lives affected in ways that are hard to fathom, hard to calculate and hard to understand. and that's why i think this is so critical. coupled with the fact that this will have a si
we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome here will have significant...
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markers on the key difference between the two parties on this fiscal cliff, taxes. speaker boehner tried to take a constructive attack. he said republicans are open to revenue or tax increases as part of tax reform coupled with entitlement reform, which reminded people he had agree today in failed talks with the president last year. but when it comes to the bush-era tax cuts wolf was just talking about especially those for the wealthy expirining at t end of the year, both sides dug in. >> we won't solve the problem of our fiscal imbalance overnight. and certainly won't do it in a lame duck session of congress. and it won't be solved simply by raising taxes or taking a plunge off the fiscal cliff. >> the vast majority of the american people, rich, poor, everybody agrees that the richest of the rich have to help a little bit. >> translation, democrats are demanding what they're calling decoupling letting the tax cut for the wealthiest expire at year's end and use that for deficit reduction. they say they want to do that no matter what. >> somebody's going to have to b
markers on the key difference between the two parties on this fiscal cliff, taxes. speaker boehner tried to take a constructive attack. he said republicans are open to revenue or tax increases as part of tax reform coupled with entitlement reform, which reminded people he had agree today in failed talks with the president last year. but when it comes to the bush-era tax cuts wolf was just talking about especially those for the wealthy expirining at t end of the year, both sides dug in. >>...
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side and you have got the fiscal cliff going on. you've got issues that have to do with egypt, foreign aid to egypt. you have gaza. why do you want to have another ring there? and start dealing with this confirmation battle which is as wolf pointed out earlier the optics of a confirmation battle with susan rice. african-american woman. two groups that the republican party did not do very well with i might add in the last election. >> acknowledging they need to do better. >> i don't mean to impugn john mccain or lindsey graham for criticizing her. i think they have their reasons and nothing to do with anything other than benghazi butoptics i republican party is looking for right now. >> something you can't ignore. >> right. >> see what kind of diplomat she is. i've known her for 20 years. worked in the clinton administration. traveled through africa with her. she's tough, smart. let's see how diplomatic she is meeting with john mccain, lindsey gram, the other republicans. >> you know what? john mccain i would have to say likes tough
side and you have got the fiscal cliff going on. you've got issues that have to do with egypt, foreign aid to egypt. you have gaza. why do you want to have another ring there? and start dealing with this confirmation battle which is as wolf pointed out earlier the optics of a confirmation battle with susan rice. african-american woman. two groups that the republican party did not do very well with i might add in the last election. >> acknowledging they need to do better. >> i don't...
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one is the fiscal cliff and recession in europe if things continue to slow down economically, we'll see less demand for gasoline and if there's more tension in the middle east, we'll see higher prices for oil. so those are two things that could affect the price of oil which will affect the price of gasoline. >> the average price at the pump is now down to $3.38 a gallon. the price of a gallon of gas is something that i have always tracked. it's kind of a game i played with my father. who could play the cheapest gas in town. >>> so what went wrong for republicans on election day? the gop is now planning what some are calling an autopsy with prominent members in charge of trying to pinpoint problem areas. that, next. capella university understands rough economic times have led to an increase in clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowl
one is the fiscal cliff and recession in europe if things continue to slow down economically, we'll see less demand for gasoline and if there's more tension in the middle east, we'll see higher prices for oil. so those are two things that could affect the price of oil which will affect the price of gasoline. >> the average price at the pump is now down to $3.38 a gallon. the price of a gallon of gas is something that i have always tracked. it's kind of a game i played with my father. who...
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the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't sa
the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to...
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investors are nerve us about the fiscal cliff and their showing it. the down fell more than 130 points. investors have been moving their money into bonds, and it's a clear sign that wall street wants more, and what it wants is clarity. with no end in sight, fear is crippling wall street. >>> thank you, timothy geithner is staying on to help the president deal with the looming fiscal crisis. the white house saying that he will remain at his post until the presidential inauguration in january. he is the last hold over from the president's original economic team. a lot of turnover happening these days. just two days after a snowstorm tore through the northeast, new york and new jersey are seeing the temperatures rise into the 50s. that is after thousands of people without power from the nor'easter and superstorm sandy. gas stations are staying open longer, and they can only buy gas on alternate days. >> two weeks these people have suffered in new york and new jersey, still no power. >> it's like the voting thing. >> this the united states of america. >>
investors are nerve us about the fiscal cliff and their showing it. the down fell more than 130 points. investors have been moving their money into bonds, and it's a clear sign that wall street wants more, and what it wants is clarity. with no end in sight, fear is crippling wall street. >>> thank you, timothy geithner is staying on to help the president deal with the looming fiscal crisis. the white house saying that he will remain at his post until the presidential inauguration in...
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when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at expressing dismay the president hasn't responded two days after the republicans sent him a fiscal cliff counteroffer. >> if the president doesn't agree with our proposal and our outline, i think he's got an obligation to send one to the congress. and a plan that can pass both chambers of congress. >> by trying to keep gop frustration on the president, boehner appears to be keeping conservative lawmakers off his own back for now. >> what's mood inside the conference. >> very united, very supportive with the speaker. >> multiple sources tell cnn in a private meeting with house republicans, boehner got no flow back for producing
when it comes to just pure optics of the house leaving with the fiscal cliff right in front of us -- >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> in fact, sending lawmakers home is a way for house republicans to illustrate their current message, your move, mr. president. >> we need a response from the white house, we can't negotiate with ourselves. >> john boehner made a point at...
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cliff. drastic spending cuts across the board, military and domestic spending unless congress and the white house can reach a deal on cutting the deficit. cnn's senior congressional correspondent dana bash reports there are signs of movement in this deeply entrenched battle line. >> reporter: wolf, talks will begin in earnest this week to avoid the fiscal cliff at the end of the year. and both sides are coming to the table trying to sound as agreeable as possible, positioning themselves to blame the other if things fall apart. sam say it would drive the economy back into a recession. the halls of the capitol, eerily quiet as congress commemorates veterans day. but this stillness will soon be replaced by frenzy to avoid the fiscal cliff. public posturing, however, is well under way. we can't accept an unfair deal that piles all of this on the middle class and tells them they have to support it. >> you do have to have revenues on the table. but that does not mean raising taxes. >> reporter: bu
cliff. drastic spending cuts across the board, military and domestic spending unless congress and the white house can reach a deal on cutting the deficit. cnn's senior congressional correspondent dana bash reports there are signs of movement in this deeply entrenched battle line. >> reporter: wolf, talks will begin in earnest this week to avoid the fiscal cliff at the end of the year. and both sides are coming to the table trying to sound as agreeable as possible, positioning themselves...
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and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be president obama's first statement from the white house since his re-election. and no doubt will be an opportunity for him to address some of these pressing issues raised by the cbo report, by the fiscal cliff, by our economic conditions right now, wolf. >> we will, of course, have live coverage of the president's statement on the economy. you're also finding out, jessica, some new information about the president's agenda for his second term. >> that's right, wolf. you know, during this election pundits criticized president obama for offering too few specifics during his campaign about what a second term would hold. the truth is, he did lay out a plan for his second term. you might criticize it as too light on the details, but there was an agenda and here's some of it. while the details may be sparse, president obama did outline a s
and avoid falling off the fiscal cliff. wolf, i also have some news. tomorrow i am told by senior administration officials, president obama will make a statement on the u.s. economy. this will be president obama's first statement from the white house since his re-election. and no doubt will be an opportunity for him to address some of these pressing issues raised by the cbo report, by the fiscal cliff, by our economic conditions right now, wolf. >> we will, of course, have live coverage...
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it sounds like we very well may be going over the fiscal cliff. the markets responding just a bit to that. dow down 117 points as we are seconds away from the "closing bell." much more on that with wolf blitze blitzer. >> "the situation room" begins right now. >> brooke, thank you very much. a dell luge of criticism after calling forearmed guards at every single school in the united states. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> this hour, we get reaction from the head of the democratic party, the florida congresswoman, debbie wasserman schultz. also, house republicans in disarray. john boehner heads home with no deal on the fiscal cliff and not enough support for his own so-called plan b. but now what? i'm wolf blitzer. you're in "the situation room." we begin with the national rifle associations defiant restriction in the wake of the newtown, connecticut, shootings. instead, the nra is calling forearmed security guards at every school, every school in the country. cnn's tom foreman is joining us now. you w
it sounds like we very well may be going over the fiscal cliff. the markets responding just a bit to that. dow down 117 points as we are seconds away from the "closing bell." much more on that with wolf blitze blitzer. >> "the situation room" begins right now. >> brooke, thank you very much. a dell luge of criticism after calling forearmed guards at every single school in the united states. >> the only thing that stops a bad guy with a gun is a good guy...
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cliff is making an impact. >> we're all feeling as if we're working down, heading down the runway here and running out of cement in order to see whether or not this aircraft of change is getting off the ground here. >> he is the cheap operating officer at the company that develops technology solutions. he says his company is hitting the pause button on projects. that's when automatic spending cuts trigger if congress doesn't act. next year, cuts would amount to $110 billion, with half coming from the defense sector. major military suppliers have been sounding the alarm. >> the impact on our industry would be devastating. >> how devastating, hard to say. to the county, the congressional budget office projects if the stalemate isn't averted, growth could fall to .5% in 2013 and that could mean recession. it would be a dramatic drop from this year's projected growth of 2%. that's with the economy facing strong head winds. political fights is one this professor says is taking a toll no >> if you're a business person, one of the things you don't like is uncertainty. if you think there's a p
cliff is making an impact. >> we're all feeling as if we're working down, heading down the runway here and running out of cement in order to see whether or not this aircraft of change is getting off the ground here. >> he is the cheap operating officer at the company that develops technology solutions. he says his company is hitting the pause button on projects. that's when automatic spending cuts trigger if congress doesn't act. next year, cuts would amount to $110 billion, with...
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at the white house with congressional leaders to confront the so called fiscal cliff. spending cuts and huge tax hikes for everyone will kick in in six weeks unless they can reach a deal. the president spoke before the meeting. >>> i think we're all aware that we having some urgent business to do. we have to make sure that taxes don't go up on middle class families welcome that our economy remains strong, and creating jobs, and that's an agenda that democrats, republicans, and house today. >> it was a very important meeting. this was really the first face to face, and the first is very important even though it's just the beginning as top leaders kick off negotiations of how to avoid the looming economic crisis that we have dubbed the fiscal cliff that we're facing at the beginning of the new year. they didn't strike a deal in the meeting, they didn't talk numbers, so to speak, but they did emerge optimistic, confident they would get there, and all saying the same word. it was constructive. >> to show our seriousness, we've put revenue on the table as long as it's accom
at the white house with congressional leaders to confront the so called fiscal cliff. spending cuts and huge tax hikes for everyone will kick in in six weeks unless they can reach a deal. the president spoke before the meeting. >>> i think we're all aware that we having some urgent business to do. we have to make sure that taxes don't go up on middle class families welcome that our economy remains strong, and creating jobs, and that's an agenda that democrats, republicans, and house...
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garcia knows that his monthly money orders won't avert the fiscal cliff, but his priest says that's not the message garcia's sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end, and it might as well be here. so if you want to be, like his granddaughter says, be like grandpa, you can google the office of public debt and they are willing to take contributions from american citizens. candy? >> i have to tell you, i think mr. garcia is remarkable. i mean, he's giving, i mean, $3,000 to the government, and they can't even get this work done here. he's a veteran, you know, thank you for your service, mr. garcia. i think that's a remarkable story. although someone should get him a can crusher. let me ask you, how much -- you got into this a little bit, how much of mr. garcia's contributions actually helping? >> reporter: you know, it's a lot of money for mr. garcia. let's make that very clear. >> absolutely. >> reporter: but that $
garcia knows that his monthly money orders won't avert the fiscal cliff, but his priest says that's not the message garcia's sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end, and it might as well be here. so if you want to be, like his granddaughter says, be like grandpa, you can google the office of public debt and...
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cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we begin this afternoon with brand-new republican offers to try to save the $2.2 trillion and avoid the so-called fiscal cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly whe
cliff. also president obama's getting ready to speak this hour about an urgent national security issue. u.s.-led efforts to try to track down and eliminate loose nuclear weapons. that's coming up. >>> also, frightening now revelations about an al qaeda plot for a three-part terror attack on the united states embassy in iman, jordan. i'll ask the country's foreign minister for details. he's standing by live. i'm wolf blitzer. you're in "the situation room." >>> we...
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taxpayers could be facing serious delays if the country goes over the fiscal cliff. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> wakes and funerals, we can't even figure out which ones to go to. there are so many that we have to divide and conquer. >> chilling words to describe the grief that's become familiar in newtown, connecticut. three 6-year-olds, two teachers, and the principal all laid to rest. >>> and we've learned that the mother of the gunman, nancy lanza, has been buried at an undisclosed location in new hampshire. tomorrow morning at 9:30 a.m. eastern, church bells will toll across the region marking exactly one week since the horrifying shooting massacre occurred. all of this resonating right here in washington and get to work on this sensitive issue. >> reporter: wolf, there are signs of life that the administration has pushed for gun legislation, legislation fighting all of the gun violence in this nation, an issue that was politically dead throughout the administration
taxpayers could be facing serious delays if the country goes over the fiscal cliff. we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> wakes and funerals, we can't even figure out which ones to go to. there are so many that we have to divide and conquer. >> chilling words to describe the grief that's become familiar in newtown, connecticut. three 6-year-olds, two teachers, and the principal all...
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the david petraeus scandal and the fiscal cliff. jessica yellin was in the east room for the president's news conference, tell our viewers what unfolded. >> it was a relaxed, confident president obama who showed up today, but talk of his second term agenda was quickly overtaken by talk of cia controversies, tax negotiations, and the fierce defense of one of his own. >> reporter: out of the gate, he was asked about the scandal involving david petraeus. >> he had an extraordinary career. he served his country with great distinction. >> he said he has seen no evidence petraeus' actions compromised national security and would not fault the fbi for failing to tell him they've been investigating his intelligence chief for months. >> they have their own protoc s protocols. >> had we been told, then you would sitting here asking a question about why were you interfering in a criminal information. >> reporter: and the president defended susan rice, after republican senators take issue with the comments that rice made on the sunday morning sh
the david petraeus scandal and the fiscal cliff. jessica yellin was in the east room for the president's news conference, tell our viewers what unfolded. >> it was a relaxed, confident president obama who showed up today, but talk of his second term agenda was quickly overtaken by talk of cia controversies, tax negotiations, and the fierce defense of one of his own. >> reporter: out of the gate, he was asked about the scandal involving david petraeus. >> he had an...
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i just sat down with the former president here in chicago at the clinton global initiative, and i asked him about that. >> what i was saying yesterday, which is apparently not accurate, is that if this fiscal cliff comes to the president and the congress and the country before the election, he can't afford to give up his position and he shouldn't. that we'll have revenues to deal with this debt long term and asking those of us to pay taxes. i support that position. i always have, and -- but the republicans feel they can indirectly ratify it, so i was talking whether they needed to put off after the election, but they still have until the first of the year. so if they have until the first of the year, in any case, to deal with this there's no problem. they both have their positions, and to decide how to resolve it, but the election won't intervene and therefore, i regret that all of this stirring up has happened because that's what with i was thinking. i was under the impression that shooing might have to be done before the election. >> the president has flatly said he will veto any exte
i just sat down with the former president here in chicago at the clinton global initiative, and i asked him about that. >> what i was saying yesterday, which is apparently not accurate, is that if this fiscal cliff comes to the president and the congress and the country before the election, he can't afford to give up his position and he shouldn't. that we'll have revenues to deal with this debt long term and asking those of us to pay taxes. i support that position. i always have, and --...
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Jul 31, 2012
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cliff is coming. that's when the bush era tax cuts run out and the spending cuts go into effect. >> right there, you hit it. this is a rare showing of bipartisanship. on big issues in the lame duck session, there's no indication this bipartisanship will reach into that, right? >> all of that will be answered in the election. which side will blink, so to speak, and how the issue of tax cuts will play out. interestingly, i think it is important to note, kate, that this whole idea of making sure the government is funded is prettyundamental to congress's role in the constitution. want to show you a graphic, the producer found this information. it is fascinating. last time congress didn't do this, pass a government spending measure was 15 years ago, in 1997 also in the past 35 years, congress and the president agreed to a long term budget only three times, kate, only three times in 35 years, 1989, 1995, 1997 so democrats have been in charge, republicans have been in charge. both sides have fault for not do
cliff is coming. that's when the bush era tax cuts run out and the spending cuts go into effect. >> right there, you hit it. this is a rare showing of bipartisanship. on big issues in the lame duck session, there's no indication this bipartisanship will reach into that, right? >> all of that will be answered in the election. which side will blink, so to speak, and how the issue of tax cuts will play out. interestingly, i think it is important to note, kate, that this whole idea of...
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most people assume nothing is going to happen as far as the fiscal cliff is concerned between now and november 6. but afterwards in that lame duck session between november 6 and december 31, something will happen. are you among those who will agree -- agree that the fiscal cliff will be avoided? >> yes. i think it will be avoided. i mean, you know, depends on the election. you know. if governor romney wins it is likely -- would kick the can into next year. leave everything the same for a few months. let -- the new president come into office and get it together. probably in the spring. president obama wins the election, then right after the election, lame duck, the clock will start ticking and he will be under a lot of pressure to do something. let me say one other thing. you know, i think the most likely scenario is that we are actually going to have to go into next year, see tax rates rise for everybody, because it is then that we see enough economic pain that it generates political will necessary to do the kind of things we need to get done and -- that means that addressing our long
most people assume nothing is going to happen as far as the fiscal cliff is concerned between now and november 6. but afterwards in that lame duck session between november 6 and december 31, something will happen. are you among those who will agree -- agree that the fiscal cliff will be avoided? >> yes. i think it will be avoided. i mean, you know, depends on the election. you know. if governor romney wins it is likely -- would kick the can into next year. leave everything the same for a...
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but while we're here talking about the fiscal cliff, she gets an e-mail. >> yay. an interview. okay. great. okay. that is good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh, my god. you have no idea how excited i am right now. >> reporter: kyung lah, cnn, los angeles. >>> chilling allegations about the dallas cowboys player who killed his teammate. >> he wasn't a hero and he wasn't trying to help this man. he wasn't like, help is on the way. what you would just think a friend would really do. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ female announcer ] make new traditions of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... an
but while we're here talking about the fiscal cliff, she gets an e-mail. >> yay. an interview. okay. great. okay. that is good news. >> reporter: a third interview for a sales job. if washington can't do it, maybe this job will pull her back from the cliff. >> oh, my god. you have no idea how excited i am right now. >> reporter: kyung lah, cnn, los angeles. >>> chilling allegations about the dallas cowboys player who killed his teammate. >> he wasn't a...
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there is no public evidence of progress in fiscal cliff negotiations as of this moment. sometimes on capitol hill, people suggest no leaks is good news. but others suggest the two sides are simply staring each other down on the key obstacles and posing for pictures in the meantime. >> there was plenty of public pho photo-ops around town. >> but in private, few signs of progress among negotiates. one veteran house republican is making waves, essentially agrees with president obama. >> my view is that 98% of my constituents don't need a tax increase. >> i applaud representative kohl for that common sense and brave position. but one key sticking point is taxes. democrats want to extend the tax rates and allow them to jump for wealthier americans. and cole said he does not recommend a tax hike for the wealthy. >> we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of the discussion right now. continue to fight against any rate increases, and don't to work for a bigger deal. >> is this the sign of a movement? i
there is no public evidence of progress in fiscal cliff negotiations as of this moment. sometimes on capitol hill, people suggest no leaks is good news. but others suggest the two sides are simply staring each other down on the key obstacles and posing for pictures in the meantime. >> there was plenty of public pho photo-ops around town. >> but in private, few signs of progress among negotiates. one veteran house republican is making waves, essentially agrees with president obama....